Mid Day Bell: Nifty and Sensex Dip as Oil & Gas Sector Leads Losses
By ScanX News Team
Indian stock markets are trading in negative territory at midday on April 9, 2025. The Nifty 50 is down 0.55% at 22,411.50, while the BSE Sensex has fallen 0.52% to 73,844.81. Most sectors are in the red, with Oil & Gas, Healthcare, and Aviation being the top underperformers. The market breadth is bearish, with declining stocks outnumbering advancing ones. Only the Petroleum Products sector shows a marginal gain, bucking the overall negative trend.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on April 9, 2025, Indian stock markets are trading in negative territory. The Nifty 50 index is currently at 22,411.50, down 124.35 points or 0.55% from its previous close. Similarly, the BSE Sensex stands at 73,844.81, showing a decline of 382.27 points or 0.52%.
Sectoral Performance
The market is experiencing a broad-based selloff, with most sectors trading in the red. Here's a breakdown of the top underperforming sectors:
| Sector | Average Percentage Change |
|---|---|
| Oil & Gas | -1.76% |
| Healthcare | -1.68% |
| Aviation | -1.64% |
| Utilities | -1.34% |
| Capital Markets | -1.31% |
On a positive note, the Petroleum Products sector is bucking the trend, showing a marginal gain with an average percentage change of 0.0284%.
Conclusion
As we reach the midpoint of today's trading session, the Indian stock markets are facing downward pressure. The Oil & Gas sector is leading the decline, while most other sectors are also in negative territory. Investors will be closely watching for any potential recovery in the afternoon session.
